Jiming Huang / Blog
Pivot (invalidation): 0.9935 Our preference Short positions below 0.9935 with targets at 0.9900 & 0.9885 in extension. Alternative scenario Above 0.9935 look for further upside with 0.9950 & 0.9975 as targets...
Pivot (invalidation): 109.70 Our preference Short positions below 109.70 with targets at 109.10 & 108.85 in extension. Alternative scenario Above 109.70 look for further upside with 109.95 & 110.25 as targets...
Pivot (invalidation): 1.3150 Our preference Long positions above 1.3150 with targets at 1.3260 & 1.3300 in extension. Alternative scenario Below 1.3150 look for further downside with 1.3080 & 1.3010 as targets...
Pivot (invalidation): 1.1395 Our preference Long positions above 1.1395 with targets at 1.1435 & 1.1455 in extension. Alternative scenario Below 1.1395 look for further downside with 1.1370 & 1.1350 as targets...
US data released on 24 January points to ongoing strength in the US economy. The labor market continues to tighten – weekly jobless claims fell by 13,000 to 199,000, the lowest level since 1969. The Markit composite PMI index inched up to 54.5 from 54...
Markets have been closing in positive territory las week, as investors have been meticulously watching communications relating to US and China trade progress...
Global monetary policy, which was expected to tighten significantly, has shifted in the last month. Markets still expect 2019 to bring tighter financial conditions, but not at the current slower pace...
Long GBP traders appear to base their investment decision on headlines, despite continued uncertainties as to the future relations between the UK and the EU...
Pivot (invalidation): 53.05 Our preference Long positions above 53.05 with targets at 54.50 & 54.90 in extension. Alternative scenario Below 53.05 look for further downside with 52.50 & 51.85 as targets...